58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Ztech India Limited IPO Analysis

Ztech India IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in New Delhi and caters to Engineering sector. Narnolia Financial Services is the merchant banker of Ztech India IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 18th February 2024.

Ztech India IPO posted revenues of Rs 67.37 crores and PAT of Rs 7.79 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Ztech India IPO Financial Performance (Restated)

Financial results of Ztech India IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
FY24
FY23
FY22
FY21
Balance Sheet
Assets
41.92
23.40
19.25
19.73

Net Worth
21.91
9.99
8.02
7.94

Total Debt
1.31
0.71
0.71
0.94

Profit & Loss
Revenue
Revenue on annualised basis
67.32
67.32
25.73
30.64
22.67

EBITDA
EBITDA on annualised basis
11.21
11.21
3.18
0.52
1.03

PAT
PAT on annualised basis
7.82
7.82
1.98
0.09
0.60

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Ztech India IPO Key performance Indicators (KPI)

Ztech India IPO PAT Margin is 11.62%, ROCE (Return on Capital Employed) is 44.02% as per latest financial. The below table shows Ztech India IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
FY24
FY23
FY22
FY21

EBITDA Margin (%)
16.65
12.36
1.70
4.54

PAT Margin (%)
11.62
7.70
0.29
2.65

EPS (Rs.)
8.64
2.25
0.11
0.68

ROE (%)
35.69
19.82
1.12
7.56

ROCE (%)
44.02
21.84
1.68
8.12

ROA (%)
18.65
8.46
0.47
3.04

Debt to Equity (x)  
0.06
0.07
0.09
0.12

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Ztech India IPO Valuation Metrics

The market Capitalisation of Ztech India IPO is Rs 140.77 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
140.77

Enterprice Value (EV) (Rs. Cr.):
141.25

EV/EBITDA (times) :
12.60

PE Multiple (times) :
18.05

P/B (times) :
2.38

NAV (Rs.) :
24.32

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Ztech India prospectus?

The Ztech India IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Ztech India IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Ztech India IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Ztech India IPO ?

The post-IPO market capitalisation of Ztech India IPO is ₹140.77 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Ztech India IPO?

The Ztech India IPO has a Price-to-Earnings (PE) ratio of 18.05 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Ztech India IPO?

Ztech India IPO reported revenue of ₹67.37 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Ztech India IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Ztech India IPO?

Ztech India recorded an EBITDA of ₹ 11.21 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Ztech India IPO?

Ztech India Profit After Tax (PAT) is ₹7.82 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 67.32 Cr.
            EBITDA: ₹ 11.21 Cr.
            PAT: ₹ 7.82 Cr.
  • EBITDA Margin: 16.65 %
            Pat Margin: 11.62%
  • Net Worth: ₹ 21.91 Cr.
  • Market Capitalisation: ₹ 140.77 Cr.
  • P/E: 18.05 times
  • P/BV: 2.38 times
  • EV/EBITDA: 12.60 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Ztech India operates in Engineering and Geo-Technical Solutions For Infrastructure And Civil Construction Projects In India.. The Issue is listed on NSE EMERGE in Jun, 2024. Ztech India IPO size was 37.30 with Issue price of 110.00 .

Ztech India IPO subscription was 371.39 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Ztech India IPO listed at a listing price of 105.00 against the offer price of 110.00.

The current market price of Ztech India is 581.00.

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